Goldman Sachs Downgrades Cooper Tire & Rubber (CTB) to Neutral

Goldman Sachs downgraded Cooper Tire & Rubber (NYSE: CTB) from Buy to Neutral with a price target of $33.00 (unchanged).

Analyst Patrick Archambault said, "We believe upside from a potential antidumping tariff on China import tires and potential favorable capital deployment is currently priced in. We also see risk to 4Q14 volumes from China tire pre-buy."

For an analyst ratings summary and ratings history on Cooper Tire & Rubber click here. For more ratings news on Cooper Tire & Rubber click here.

Shares of Cooper Tire & Rubber closed at $34.59 yesterday.

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